100 thousand tons of silicon material factory over 10 billion financing completed!

2026-07-07 16:10:59

On July 6, Oman-based solar polysilicon manufacturer United Solar announced that it had completed the $50 million equity investment previously announced by the International Finance Corporation (IFC). The transaction also marks the successful completion of the company's total financing plan of US $1.6 billion (about RMB 10.879 billion, US $1 ≈ RMB 6.80).

On July 6,

local time, Oman-based Solar 1.6 billion (about 10.879 billion yuan) for the company . $1 ≈ 6.In April

2025, United Solar announced an agreement with IFC to sign a strategic framework to support the construction of a polysilicon plant in Oman; According to media reports in August, the International Finance Corporation of the World Bank approved a polysilicon manufacturing project

in Oman on January 20, 2026, and United Solar said publicly that. Its polysilicon plant project company has received IFC and cooperative banks. 4

. In addition to IFC financing, Future Fund Oman invested 60 million Omani riyals in United Solar in October 2024. In

January 2026, United Solar also disclosed that it had obtained Sohar International Bank SAOG from Oman Commercial Bank (Sohar International Bank). Over $400 million in term loans and working capital financing lines from leading local commercial banks;

United Solar plans to invest $ 1.6 billion in a 100,000-ton polysilicon plant in Oman. The project was announced to start on March 11, 2024, and the commissioning ceremony was officially held in February 2026. It is expected to achieve full production and operation by the end of this year. According to United Solar, the plant will be able to produce 40GW PV annually at full capacity 10万吨硅料工厂超百亿融资完成!ccement.com/news/2607/richtext/img/6a4cb44cd8e174111178.jpg

" It is worth noting that, in addition to financing, India December, Waaree, an Indian photovoltaic company, announced that it would invest $30 million to acquire United Solar Holding about 536. The acquisition was originally scheduled to be completed in January 2026. On March 16

, 2026, Waaree announced the completion of the equity acquisition, with a total transaction price of $30 million.

According to previous reports, while carrying out the above-mentioned equity acquisition, the two sides also signed a long-term polysilicon procurement agreement, the purpose of which is to guarantee the supply of polysilicon for global photovoltaic manufacturing business, especially in the United States.

United Solar has previously said that the plant will produce polysilicon products with complete supply chain traceability.

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Correlation

On September 15, local time, First Solar, an American photovoltaic manufacturer, announced plans to withdraw its previous application for "337 investigation" and decided to terminate the ongoing investigation procedure of the United States International Trade Commission (ITC). However, the company also said that the termination does not affect the possibility of future litigation.

2026-09-17 17:14:58

On July 6, Oman-based solar polysilicon manufacturer United Solar announced that it had completed the $50 million equity investment previously announced by the International Finance Corporation (IFC). The transaction also marks the successful completion of the company's total financing plan of US $1.6 billion (about RMB 10.879 billion, US $1 ≈ RMB 6.80).

2026-07-07 16:10:59

According to foreign media reports, Vietnamese photovoltaic manufacturer VS UN's photovoltaic module products shipped to the United States were seized by the U.S. Customs and Border Protection (CBP) on the grounds that CBP suspected that the company's photovoltaic products contained raw materials from Xinjiang, China.

2026-04-21 14:48:59

In order to further study and implement Xi Jinping's thought of ecological civilization, resolutely implement the deployment requirements of the State Council's Action Plan for Continuous Improvement of Air Quality, conscientiously implement the work arrangements of the Party Committee and the government of the autonomous region, and continuously consolidate the achievements of the year of tackling key problems in the protection and control of the ecological environment, on October 15, 2026, the State Council of the People's Republic of China decided to implement the plan. The People's Government of the Autonomous Region held a kick-off meeting on air pollution prevention and control in the winter and spring of 2026-2027. Vice Chairman Liu Jun presided over and delivered a speech. Members of the leading group of the construction of ecological civilization of the Party Committee of the Autonomous Region are responsible for comrades, members of the team of the Department of Ecological Environment and relevant departments and institutions.